Overview
- The Series B was led by XVC and Ikuyo with participation from Alibaba Investment, Planetree and BAI Capital, pushing total funding above $40 million.
- VelaFi plans to direct the new capital to licensing, technology and regional partnerships to support growth in key corridors.
- Its platform links local banking rails, global payment networks and major stablecoin protocols, providing on- and off-ramps, cross-border pay-ins and pay-outs, multi-currency accounts and foreign exchange tools.
- The company says it serves hundreds of enterprise clients across multiple regions and has processed billions of dollars in transaction volume.
- Built first in Latin America, the platform is expanding into the United States and Asia as enterprises adopt stablecoins for faster settlement and industry estimates cite tens of trillions in annual stablecoin activity.